Home Equity Line of Credit Promotion

For a limited time, Union is offering a special promotional rate for a Home Equity Line of Credit (HELOC) of 3.49% APR*.

A great way to get extra cash for home improvement projects, vacations, bill consolidation, or whatever you desire.

Provides the flexibility to borrow the money when you need it. You can use as much or as little as you want over the next twenty years.

Enjoy the peace of mind of having an emergency fund.

Save money with low interest-only payments.

In many cases, there is no cost to open a Union Home Equity Line of Credit.**

The interest you pay may be tax deductible.***

Did we mention the 3.49% APR* rate?

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*The lowest APR (Annual Percentage Rate) offered is 3.49%, which is a variable rate, and is subject to change.

All balances will be calculated at a standard variable APR as indexed to The Wall Street Journal Prime Rate (as of April 30, 2014, the Prime Rate was 3.25%), plus a margin of 0.24% for the life of the loan.

Automatic deduction of payment is required from a Union checking account to obtain advertised rate.

The maximum APR is 24% or maximum permitted by state law, whatever is less.

This Union Bank & Trust Home Equity Line of Credit has a 20-year draw period with a final balloon payment.

**There is no origination fee charged to open. Other fees may be charged at origination, closing or subsequent to closing, ranging from $0 to $1,000.

Offer is subject to credit approval and is based on a minimum equity line amount of $50,000 with a maximum combined loan-to-value of 80%.

Applicants must possess a Beacon Score of 720 or greater.

Bank must be in a valid first or subordinate lien position on the collateral.

**Bank will pay all closing costs for non-purchase money subordinate equity lines up to $249,999. First lien equity lines, equity lines of $250,000 or more, and subordinate equity lines used for purchase money will receive a $600 credit toward closing costs.

Home Equity Lines of Credit closed within 36 months from the opening date will be charged a prepayment penalty as follows:

Lines ≤ $100,000

Will be charged 1.00% of the line amount.

Lines > $100,000

Will be charged 0.50% of the line amount.

Property insurance and flood insurance, where applicable, will be required.

This offer is limited to primary and secondary, single-family residential real property located in Virginia.

***Please consult a tax advisor regarding interest deductibility.

Certain conditions and restrictions may apply. Member FDIC and Equal Housing Lender.